Linear Technology Corporation (NASDAQ:LLTC) : Zacks Investment Research ranks Linear Technology Corporation (NASDAQ:LLTC) as 2, which is a Buy recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 2 Sell recommendation. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 3.03, which indicates as a Hold.
Linear Technology Corporation (NASDAQ:LLTC) : The consensus price target for Linear Technology Corporation (NASDAQ:LLTC) is $46.2 for the short term with a standard deviation of $5.73. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $55, however, the pessimist price target for the company is $35.
Company shares have received an average consensus rating of Hold for the current week Also, Goldman Sachs initiates coverage on Linear Technology Corporation (NASDAQ:LLTC). Goldman Sachs has a Neutral rating on the shares. As per the latest report, the brokerage house announces the price target to $46 per share. The rating by the firm was issued on June 2, 2016.
Linear Technology Corporation (NASDAQ:LLTC): stock turned positive on Tuesday. Though the stock opened at $44.39, the bulls momentum made the stock top out at $45.06 level for the day. The stock recorded a low of $44.34 and closed the trading day at $45.04, in the green by 2.15%. The total traded volume for the day was 2,397,735. The stock had closed at $44.09 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Chantalat V Paul, officer (VP of Quality & Reliability) of Linear Technology Corp /Ca/, had unloaded 15,000 shares at an average price of $45.91 in a transaction dated on April 25, 2016. The total value of the transaction was worth $688,650.
Linear Technology Corporation (Linear Technology) is engaged in designing, manufacturing and marketing a line of high performance analog integrated circuits for companies across the world. Linear Technology produces power management, data conversion, signal conditioning, RF and interface ICs, Module subsystems, and wireless sensor network products. The Company produces a range of products for a variety of customers and markets. The Companys SmartMesh IP and SmartMesh WirelessHART technology offers wireless network based solutions using low power electronic components, board level products with mesh networking and software addressing high level applications such as industrial process automation, data center energy management, building energy management, renewable energy monitoring, and transportation management systems.